Carol & Alan J Bernon Family Charit Able, Bernon Alan J Ttee in Cranston, Rhode Island (RI)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Rhode Island
| Carol & Alan J Bernon Family Charit Able, Bernon Alan J Ttee | |
| Employer Identification Number (EIN) | 046661364 |
| Name of Organization | Carol & Alan J Bernon Family Charit Able |
| Secondary Name | Bernon Alan J Ttee |
| Address | PO BOX 8510, Cranston, RI 02920-0510 |
| Activities | Gifts, grants, or loans to other organizations, Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,704,462 |
| Amount of Income | $2,990,605 |
| Form 990 Revenue Amount | $715,654 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $340,664 | $340,664 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $56,876 | |||
| Dividends and interest from securities | $50,417 | |||
| Gross rents | $2 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $212,919 | |||
| Other | $20,450 | |||
| Total expenses and disbursements | $309,315 | $68,190 | $0 | $231,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $78,315 | $68,190 | $0 | |
| Contributions, gifts, grants paid | $231,000 | |||
| Excess of revenue over expenses and disbursements | $31,349 | |||
| Net investment income | $272,474 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,146,813 | $9,824,709 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $840,772 | |
| Investments-corporate stock | $1,511,414 | |
| Investments-corporate bonds | $546,279 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $5,730,907 | |
| Other | $1,517,441 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $10,146,813 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $20,450 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $5,449 |
| Total credits and payments | $14,698 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $14,698 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $9,249 |
| Amount to be credited to 2013 estimated tax | $9,249 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $9,660,473 |
| Net value of noncharitable-use assets | $9,515,560 |
| Minimum investment return | $475,778 |
| Distributable Amount (for 2012) | |
| Distributable amount | $470,329 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $470,329 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Carenet-Rhode Island | 35 Greenwich St, Providence, RI 02907-2534 | RI | 1992-06 | $408,554 |
| 2 | Caritas Inc | 166 Pawtucket Ave, Pawtucket, RI 02860-3811 | RI | 1976-10 | $1,833,062 |
| 3 | Carl & Ann Hirsch Family Charitable Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-10 | $238,219 |
| 4 | Carl Bard Charitable Tr, Bank Of America N A | PO BOX 1802, Providence, RI 02901-1802 | RI | $10,520 | |
| 5 | Carl Barnes Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1979-03 | $60,731 |
| 6 | Carl E Danforth Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1993-03 | $221,417 |
| 7 | Carl F Dunnegan Co Tr Uw 245-19795004 | PO BOX 1802, Providence, RI 02901-1802 | RI | $611,608 | |
| 8 | Carl Hinsman For Charities Trust, 40-3073601 | PO BOX 1802, Providence, RI 02901-1802 | RI | $61,161 | |
| 9 | Carl J Metz Memorial Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1900-12 | $51,681 |
| 10 | Carlton F Forra Tr 1-20112-01 | PO BOX 1802, Providence, RI 02901-1802 | RI | $43,738 | |
| 11 | Carol & Alan J Bernon Family Charit Able, Bernon Alan J Ttee | PO BOX 8510, Cranston, RI 02920-0510 | RI | 1991-11 | $2,990,605 |
| 12 | Carol G Scott Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-11 | $29,194 |
| 13 | Caroline Fox Trust Ui 40-3011900070 Fbo State Of Nh | PO BOX 1802, Providence, RI 02901-1802 | RI | $1,173,166 | |
| 14 | Carrie G Danforth Trust 45539, Fleet Bank Of Maine | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-03 | $234,484 |
| 15 | Carrie M Young Tr U/W | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-06 | $1,219,493 |
| 16 | Carrie Rothschild Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | $3,732 | |
| 17 | Carroll K Steele Art 6 Uw 12507000 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-04 | $1,115,725 |
| 18 | Carter Family Charitable Trust, Carter John S & Letitia M Trustees | PO BOX 41119, Providence, RI 02940-1119 | RI | 1992-03 | $133,090 |
| 19 | Casey-Clark Trust 01467 Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $101,927 |
| 20 | Cassius D & Ella M Silver Trust Fbo Champlain Valley Phy Hospital | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-05 | $260,110 |
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